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Reports net sales of $1.1 billion, expected sales backlog of 64 GW.
August 7, 2025
By: David Savastano
Editor
First Solar, Inc. announces financial results for the second quarter ended June 30, 2025. Net sales for the second quarter were $1.1 billion, an increase of $0.3 billion from the prior quarter. The increase in net sales was primarily due to an increase in the volume of modules sold to third parties. During the quarter, the company sold $312 million of Section 45X tax credits generated during 2025 for cash proceeds of $296 million, and recognized a loss of $16 million on the transaction. ...
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